Bank of America Q3 net income $6.9B ($0.81 EPS); revenue $25.3B up 1% YoY

BANK OF AMERICA CORP /DE/

2024-Q3 EPS reported $2.40 revenue$76,540,000,000

Net income $6.9B ($0.81 diluted EPS) vs $7.8B ($0.90) in 3Q23, down 12% YoY.
Revenue $25.5B FTE, up $178M; NII $14.0B down 3% YoY but up 2% QoQ.
Provision for credit losses $1.5B (flat QoQ); net charge-offs $1.5B, up from $931M in 3Q23.
Average deposits $1.92T up 2% YoY; CET1 ratio 11.8% (112 bps above regulatory minimum).
Returned $5.6B to shareholders ($3.5B buybacks, $2.0B dividends); book value per share $35.37.

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